Franklin FTSE Japan ETF (NYSEARCA:FLJP) Short Interest Up 4,551.5% in February

Franklin FTSE Japan ETF (NYSEARCA:FLJP) saw a significant increase in short interest in February. As of February 13th, there was short interest totaling 1,886,539 shares, an increase of 4,551.5% from the January 29th total of 40,558 shares. Approximately 2.6% of the company’s shares are short sold. Based on an average daily volume of 1,506,898 shares, the days-to-cover ratio is presently 1.3 days. Based on an average daily volume of 1,506,898 shares, the days-to-cover ratio is presently 1.3 days. Approximately 2.6% of the company’s shares are short sold.

Franklin FTSE Japan ETF Stock Down 0.0%

Shares of FLJP stock opened at $39.59 on Friday. The firm has a market capitalization of $2.92 billion, a price-to-earnings ratio of 14.28 and a beta of 0.65. Franklin FTSE Japan ETF has a 12-month low of $25.77 and a 12-month high of $40.22. The firm has a fifty day moving average of $36.82 and a 200-day moving average of $35.64.

Institutional Investors Weigh In On Franklin FTSE Japan ETF

A number of hedge funds have recently modified their holdings of the business. Wealthfront Advisers LLC grew its position in shares of Franklin FTSE Japan ETF by 2.3% in the 2nd quarter. Wealthfront Advisers LLC now owns 15,481 shares of the company’s stock valued at $498,000 after purchasing an additional 350 shares during the period. Y Intercept Hong Kong Ltd bought a new position in Franklin FTSE Japan ETF in the second quarter valued at approximately $311,000. World Investment Advisors boosted its holdings in shares of Franklin FTSE Japan ETF by 2.8% in the second quarter. World Investment Advisors now owns 13,748 shares of the company’s stock valued at $442,000 after buying an additional 379 shares during the period. Impact Partnership Wealth LLC increased its position in shares of Franklin FTSE Japan ETF by 3.6% during the second quarter. Impact Partnership Wealth LLC now owns 262,140 shares of the company’s stock worth $8,428,000 after acquiring an additional 9,100 shares in the last quarter. Finally, Virtus Family Office LLC raised its holdings in shares of Franklin FTSE Japan ETF by 39.9% during the second quarter. Virtus Family Office LLC now owns 17,800 shares of the company’s stock worth $572,000 after acquiring an additional 5,075 shares during the period.

About Franklin FTSE Japan ETF

The Franklin FTSE Japan ETF (FLJP) is an exchange-traded fund that is based on the FTSE Japan RIC Capped index. The fund tracks a market-cap-selected and -weighted index of Japanese equities. FLJP was launched on Nov 2, 2017 and is managed by Franklin Templeton.